Model

Definition: In the context of Analytics, a model is a system of postulates, data, and inferences presented as a mathematical description of an entity or state of affairs. In more general contexts, a m...

Staging Environment

Definition: An area where data are stored in temporary tables immediately after Extract, Transformation and Load (ETL) processing but prior to upload into a data repository. Commentary:

Operational Database

Definition: A database used to store, manage, and track information as data is received or processed. Commentary: The format of the data in an operational database is typically the same as in the oper...

Model Operationalization

Definition: The activities involved in readying a model for operation in a production environment and maintaining its operation in that environment. Commentary: Operationalization includes both techno...

Model Bias

Definition: The tendency of a model to shape or produce results that deviate from what would be the most likely observed outcomes in the real world when faced with the same conditions as the model. Th...

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